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PLEASE HELP ASAP Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement, as well
PLEASE HELP ASAP
Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement, as well as additional information, are presented below. Additional Data: a. Rent is paid in advance each month, and Office Expenses are paid in cash as incurred. b. An owner contributed capital by paying $950 cash in exchange for the companys stock. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the direct method. (Amounts to be deducted should be indicated by a minus sign.) DIVE IN COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Cash Flows Used in Investing Activities: Cash Flows from Financing ActivitiesStep by Step Solution
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